Netlist (OTCMKTS:NLST) Stock Price Up 6.8% – Should You Buy?

Netlist, Inc. (OTCMKTS:NLST) was up 6.8% during trading on Thursday . The company traded as high as $5.53 and last traded at $5.52. 566,698 shares changed hands during trading, a decline of 72% from the average session volume of 2,007,042 shares. The stock had previously closed at $5.17.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NLST. Roth Capital reaffirmed a “buy” rating on shares of Netlist in a research note on Wednesday. Zacks Research downgraded shares of Netlist from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Netlist presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Netlist Stock Down 9.7%

The stock has a fifty day moving average price of $3.90 and a 200 day moving average price of $2.72.

Hedge Funds Weigh In On Netlist

An institutional investor recently bought a new stake in Netlist stock. Compass Financial Management LLC purchased a new stake in shares of Netlist, Inc. (OTCMKTS:NLST) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 11,000 shares of the semiconductor company’s stock, valued at approximately $34,000. 0.01% of the stock is currently owned by institutional investors.

About Netlist

Netlist, Inc is a technology company specializing in the design and development of high-performance memory and storage subsystems for enterprise and data center applications. The company’s product portfolio encompasses advanced memory modules, nonvolatile memory express (NVMe) solid-state drives and intelligent memory expansion systems. These solutions are engineered to boost memory density, bandwidth and overall system performance in hyperscale, cloud computing and high-performance computing environments.

Headquartered in Irvine, California, Netlist serves customers across the Americas and Asia through a combination of direct sales and channel distribution partners.